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Question
On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,250; Supplies, $650; Equipment, $12,000; Accounts Payable, $9,300. What is the amount of stockholders' equity as of May 31 of the current year?A.$8,300
B.$13,050
C.$20,500
D.$31,100
E.$40,400
Answer
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Variable manufacturing overhead
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